The Top Countries Exporting to the U.S.
These Nations Provide Billions of Dollars in Trade
It's common for U.S. businesses to trade with companies in other countries. From Europe to Asia, American corporations operate on a global scale. Some countries are more popular than others due to their favorable business regulations and less time-intensive customs processes. As of September 2018 – the latest that comprehensive statistics are available – these nations do billions of dollars in trade.
China is, by far, the biggest exporter to the U.S., with goods totaling $395 billion year-to-date as of the end of September 2018. The majority of computers and other technological devices, such as tablets and smartphones, are manufactured in China and exported to the United States. The Chinese electronic assembly industry is a huge business, employing millions of people throughout the country.
The primary exports to the U.S. from south of the border are manufactured or assembled goods, such as automobiles, computers and machinery. Lower wages and the closeness of manufacturing facilities make Mexico an attractive exporter for U.S. companies. There's been $258 billion imported from Mexico so far this year.
Our neighbor in the north is one of the biggest exporters, sending $241 billion dollars in worth of oil, vehicles, and machinery to the U.S. Canada's exports account for over 12 percent of the total products brought into the country.
The automotive industry is the primary source of Japan's export of products to the U.S. Sending cars and other goods into the country, there has been $105 billion of Japanese goods imported into the country in 2018.
Like Japan and Canada, Germany’s biggest export to the U.S. is passenger vehicles, followed by machinery and pharmaceuticals. There's been $94 billion in imports.
South Korean exports have grown over the past few years, sending $54 billion in goods to the U.S. in 2018. The products this country supplies are primarily cars, electronics, machinery, and oil.
The United Kingdom's industries have exported $44 billion in goods so far this year. The primary exports remain vehicles and machinery.
Exports totaling $43 billion have been shipped into the U.S. from Ireland so far this year. Ireland is a major exporter of pharmaceuticals and organic chemicals.
India is one of the fastest growing export resources, although the country didn't even come close to the top 10 many years ago. India's key exports include gemstones, pharmaceuticals, and oil. The pharmaceutical industry has particularly boomed as more and more U.S. companies outsource manufacturing to India then export the finished products into the U.S. India has exported $41 billion to the U.S. so far this year.
Italy has also experienced a great deal of economic growth and this is reflected in its exports. The country is primarily known for machinery, pharmaceuticals and beverages—yes, wine again—representing 2.1 percent of U.S. imports. It's exported $40.3 billion to the U.S. in 2018.
The Economic Climate
As the economy continues to evolve and shift, more countries are becoming major exporters in various industries. The export business is expected to continue to grow significantly, producing profits in the billions and benefiting those countries' economies, as the U.S. continues to outsource work and bring in more products from overseas. Of course, changing political climates can affect growth, and primarily trade agreements. Changes can occur with each presidential administration.